secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001493152-24-048495
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Ocean Power Technologies reports preliminary Q2 FY2025 revenue above $2M, net loss down 44%
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- Estimated Q2 revenue greater than $2 million, more than double the $0.9 million in the prior-year period.
- Anticipated net loss of approximately $4 million, down from $7.2 million year-over-year, a decrease of over 40%.
- Cash used in operating activities less than $4.7 million, compared to $7.5 million, a 40% reduction.
- Completed second set of exercises for U.S. Navy Project Overmatch as subcontractor to EpiSci.
- Filed prospectus supplement to increase available issuance to $60.3 million under sales agreement with A.G.P./Alliance Global Partners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315224048495/0001493152-24-048495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315224048495/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048495

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